Looking to diversify beyond JDMNX? The mutual funds below have historically moved differently from JDMNX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JDMNX
0 mutual funds have low correlation with JDMNX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds EUPAC Fund Class R-6 (RERGX) (Foreign Large Cap Equities) with a 1Y correlation of 0.68, roughly unchanged from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds EUPAC Fund Class R-6 | 0.68 | 0.70 | 0.77 | 51 | Foreign Large Cap Equities, Large Cap Growth Equities, Actively Managed | JDMNX vs RERGX | |
| Fidelity International Index Fund | 0.69 | 0.68 | 0.74 | 70 | Foreign Large Cap Equities | JDMNX vs FSPSX | |
| Timothy Plan Aggressive Growth Fund | 0.70 | 0.78 | 0.85 | 66 | Mid Cap Growth Equities | JDMNX vs TAAGX | |
| Needham Growth Fund | 0.70 | 0.74 | 0.80 | 57 | Mid Cap Growth Equities | JDMNX vs NEEGX | |
| Needham Growth Fund Institutional Class | 0.70 | 0.74 | 0.80 | 53 | Mid Cap Growth Equities | JDMNX vs NEEIX |
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